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, not so much. bill: some of these warnings now the national debt is nearing dangerous levels. steven moore is here with the "wall street journal." what does it mean that the warnings are there, steve. >> the amazing thing about this debt. i was thinking when i first came to washington which was in the early 1980s, the debt level was about $2.5 trillion. now we are at 16.2 trillion. by the way every president goods back to dwight eisenhower has promised that they will balance the budget and the debt keeps getting bigger and bigger. the real tragedy is that over the last five years the debt has increased by almost $6 trillion. that is more money than was borrowed from 1776 through the year 1976. bill: that's ridiculous. >> it is a tragic situation. bill: what is the danger in this economically speaking for us. >> the danger is two fold. one is if you look at the budget right now and we continue on this pace of borrowing we are expected to do, trillion dollar deficits for as far as the eye can see we are looking at somewhere in the neighborhood of a trillion dollars each year bill in only ser
in newtown. the event was organized by students and parents at henry moore elementary. they are opening to send a big donation today. >>> at 6:45 this morning president obama will announce a white house effort to curb gun violence. president obama is putting vice president joe biden in charge of the effort. when president obama went to newtown, connecticut following the school shooting there, he promised he would do what he could to prevent such tragedies from happening again. >>> congress gets briefed today by the authors of a critical support of security. the independent panels report the security of the consulate that killed four americans was grossly inadequate. the report blames serious bureaucratic mismanagement at the state department. coming up at 6:15 house secretary of state hillary clinton is responding to that criticism. >>> 6:07. thousands of people lining upright now in san francisco out in the cold. they are looking for some holiday cheer. ktvu brian flores is outside glide memorial church right now. where there are delights waiting for the people who are waiting out in t
and parents at henry moore elementary. they also raised money for the victims and their families. >> it's really important for us to stand as one for our nation, for our kids. >> i think that folks are looking for other people who to be around. during this time. because there are -- there really are no answers. >> the money that was raised will go to the sandy hook school support fund. organizers hope to send a big donation today. >>> at 8:45 this morning. president obama will announce a white house effort to curb gun violence. president obama is putting vice president joe biden in charge of the effort. when president obama went to newtown, connecticut following the school shooting there he promised what he could do to 3re vent such tragedies in the future. >>> congress gets briefed today by the authors of a very critical report at security in benghazi. the independent panel reports the security that killed four americans was grossly inadequate. coming up at 5:15 how secretary of state hillary clinton is responding to the panels criticism. >>> let's get you going this morning. out the d
moore. this is an important issue in your bill is still needed. now the cftc proposed rule is helpful. there's no question they have created an exception for enter affiliate swaps that applies to nonfinancial end-users. the problem is there are two key issues, two problems not addressed by the cftc will. everyone, nonfinancial end-users have an eight step process or a criteria process financial users must meet and what criteria is posting margin between affiliates. again, if you have been a post variation merger between affiliates, the whole point behind an exemption from clearing requirements is defeated because your costs are roughly similar if you have the margin. second and very importantly there are lots of companies in your district and throughout the country that have treasury hedging centers in the cftc will doesn't do anything to exempt trade. if you have a nonfinancial end-user facing the market, if what that hedging centers set up to do this and turned to swaps, that hedging center would be a financial entity. so now you have a financial to financial swap is not eligible fo
for business and he is he is isly during a fragile economic recovery. economist steve moore will be joining us in just a moment. heather: plus one side already claiming victory in egypt's controversial new constitution fight. the latest news coming out of cairo. that is coming up. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabam louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mis
on apparently the fiscal cliff negotiations. we'll get in depth on that with steve moore ahead. all these politics play out in washington, d.c. what about your money? we'll have that next on "happening now." you know that little 50-pound thingy at the doctor's office when they weigh you, and they have to move it over? my doctor does not have to do that anymore. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. feels great. simple. effective. take that, 50 pound thingy. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. jenna: there is breaking news. want to bring you back to the markets now. as they failed attempt at avoiding fiscal cliff sent stocks down. we're right around near the lows of session for the dow jones industrial average. there is a quick look at that we'll keep an eye on the markets. very volatile this time of year. significant that we're at this point now. also breaking this morning, house speaker john boehner is wrapping up remarks a short time a
and parents at henry moore elementary. the event raised money for victims and their families. >> it's really important for us to stand as one. >> i think folks are looking for other people to be around at this time because there are no answers. >> money raised will go to the sandy hook school support fund. organizers hope to send a big donation today. >>> mark zuckerberg is making his biggest gift to charity so far to a south bay organization. he's donating almost $500 billion in facebook stalk to the silicon valley organization. it is zucker berg's second donation since joining the giving pledge group. it encourages wealthy individuals and families to give away most of their money. >>> there is a report this morning that the federal trade commission will not be able to wrap up its anti-trust investigation of google for the next few day the -- for the next few weeks. google was accused of giving competitors lucrative areas like travel, a lower ranking in search results. the european commission is conict ducting a similar -- conducting a similar investigation. >>> this morning ubs was ordere
. >> a little kiss. happy holidays. >> to you, as well. >> i saw demi moore just throwing herself at -- anyway, coming up, pictures -- coming up, president obama with a new proposal to avoid the fiscal cliff. but are we really closer? we're going to ask democratic senator kent conrad in a few minutes. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. at your local ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insuran
moore's academy award winning documentary, "bowling for columbine." current tv presents this important film tonight at 6 eastern followed immediately by an encore presentation. ♪ >> i never get what i really want. i always get a lot of stupid toys or a bike or toys or something like that. >> what it is that you want? >> announcer: stephanie miller. >> real estate. >> stephanie: it is the "stephanie miller show." welcome to it. 1-800-steph-1-2 the phone number toll free from anywhere. everybody is -- we were in a hard break at the bottom of the hour, but everybody just observed a moment of silence for the victims in connecticut. joe biden was speaking yesterday about -- do we have that him talking about -- what is it the gun control commission. >> the president is absolutely committed to keeping his promise that we'll act and act in a way that -- as he says if we can only save one life we have to take action. >> stephanie: and jay carney yesterday as well. >> everyone in merck has a steak in doing something to end the scourge of gun violence in this nation. >> stephani
Search Results 0 to 8 of about 9